Vibrant Global Capital Receives 'Hold' Rating from MarketsMOJO Amidst Strong Market Performance

Vibrant Global Capital, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on July 1, 2024. This upgrade comes as the stock has shown a bullish trend and has improved its technical outlook from mildly bullish to bullish. The company's stock has also been performing well in the market, generating a return of 105.68% in the past year and outperforming BSE 500 in the last 3 years, 1 year, and 3 months. One of the major factors contributing to the 'Hold' rating is the company's attractive valuation with a price to book value of 1.5 and a return on equity of 31.2%. This indicates that the stock is trading at a fair value compared to its historical valuations. Additionally, the company's profits have risen by 711.3% in the past year, leading to a PEG ratio of 0. It is worth noting that the majority shareholders of Vibrant Global Capital are promoters, which can be seen as a positive sign for the company's future growth. However, the company has reported operating losses and weak long-term fundamental strength, which may have influenced the 'Hold' rating. In the latest quarter, the company's results were flat with a decrease in profit before tax and operating income. The PBT less OI(Q) has fallen by 191.29%, while the PAT(Q) has fallen by 67.2%. The PBDIT(Q) has also reached its lowest at Rs -2.86 crore. Overall, Vibrant Global Capital has shown a promising performance in the market and has received a 'Hold' rating from MarketsMOJO. While the company's stock is technically in a bullish range, its long-term fundamental strength may need improvement. Investors are advised to keep a close eye on the company's future financial reports before making any investment decisions.